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Daily Archives: 2016-07-17

LTA’s New Rail Financing Framework rewards SMRT at taxpayers’ expense

By Philip Ang / Terry Xu The Land Transport Authority (LTA) finally announced on 15 July that it would be taking over all “SMRT’s operating assets” under the New Rail Financing Framework (NRFF) to allow SMRT Private Ltd to focus on improving its service levels. As to be expected, the well-prepared propaganda is being executed by the MSM to convince …

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